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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 1,589 $ 1,926
Income tax receivable 7 1,437
Accounts receivable – trade (after allowance for doubtful accounts of $100.0 thousand in 2013 and 2012) (Note 1) 11,456 13,344
Inventories (Note 1) 8,782 16,529
Deferred income taxes (Note 8) 0 276
Prepaid expenses 101 330
Employee loans 4 5
Total current assets 21,939 33,847
Net property and equipment (Note 1) 21,826 24,210
Other assets    
Intangible assets, net (Notes 1 and 3) 0 4,275
Deferred income taxes (Note 8) 97 870
Deposits 170 121
Total other assets 267 5,266
Total assets 44,032 63,323
Current liabilities    
Current maturities of long-term debt (Note 4) 1,597 1,687
Accounts payable 6,605 6,408
Interest rate swap agreement liability (Note 1) 71 250
Deposit from related party (Note 11) 500 0
Other current liabilities 324 374
Total current liabilities 9,097 8,719
Long-term liabilities    
Long-term debt (Note 4) 16,889 23,369
Total long-term liabilities 16,889 23,369
Shareholders’ equity    
Common stock, $0.0033 par value: 20.0 million and 10.0 million shares authorized in 2013 and 2012, respectively; 7,192,479 shares issued in 2013 and 2012; 7,069,267 and 6,944,267 shares outstanding in 2013 and 2012, respectively 24 24
Additional paid-in capital 18,649 18,281
Retained (losses) earnings (379) 13,437
Accumulated other comprehensive loss (71) (150)
Treasury stock at cost, 123,212 and 248,212 shares in 2013 and 2012, respectively (177) (357)
Total shareholders’ equity 18,046 31,235
Total liabilities and shareholders’ equity $ 44,032 $ 63,323